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Government to tighten position limits, the caps that are supposed to prevent speculators from influencing the price of everything from gas to wheat to cotton. the same republicans who are blocking enforcement of those caps are blaming the president for not increasing the supply of oil with more digging. they always want to dig. and while so far it seems president obama may not even realize the role wall street is playing in these price increases today, press secretary jay carney suggested the white house might at least understand that this is not, not just an issue of supply and demand. >> it'...

Prices of gas, as you reported, go over $4 a gallon. oil was at $147.27. there's no other reason that i can see, no one can explain why prices were that high. but we did have $200 billion of speculative interests come into the markets over a several-year period. and i think that helped spike prices up. again, i think they're tapping the gas pedal when they get into markets, if they have a big footprint. i'm not suggesting that they are driving it. certainly the middle east and other issues are having some impact also. >> commissioner, where does president obama stand on position limits? he cam...

There does not have to be a political fight to grant it. all that has to happen is the commissioners, three have to vote to put in place position limit. as you pointed out michael dunn sort of the swing vote on this has expressed skepticism of the wisdom of it and is up for reappointment in june. he said he wans to see more evidence. he can go either way. the white house has to choose someone who is going to be good on this issue. as commissioner gary gensler who they nominated has been they need someone good on this issue if we're going to see action in the near term. >> do you think presiden...

There does not have to be a political fight to grant it. all that has to happen is the commissioners, three have to vote to put in place position limit. as you pointed out michael dunn sort of the swing vote on this has expressed skepticism of the wisdom of it and is up for reappointment in june. he said he wans to see more evidence. he can go either way. the white house has to choose someone who is going to be good on this issue. as commissioner gary gensler who they nominated has been they need someone good on this issue if we're going to see action in the near term. >> do you think presiden...

Speculators. president obama campaigned in 2008 on cracking down on wall street speculators. in his wall street reform law it does just that but republicans have blocked the funding for both the s.e.c. securities exchange commission and the cftc the commodity futures trading commission to enforce it. so as we reported last night, one of the cftc members, michael dunn, has been a skeptic on position limits which cap how much commodity trading wall street speculators can do, so the big question is now, how does the white house get this issue? do they get it well enough both to call out republica...